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- Stella-Jones Acquires The Burke-Parsons-Bowlby Corporation and Adds Five U.S. Production Facilities to its Wood Treating Network.
- MONTREAL, QUEBEC, Apr 1, 2008 Marketwire via COMTEX -- Stella-Jones Inc. (TSX:SJ) announced today that it has completed the acquisition of The Burke-Parsons-Bowlby Corporation ("BPB"), a producer of treated wood products primarily for the railroad industry. The acquisition has been structured as a merger between a...
- Research articles 2008-04-01
- Stella-Jones Acquires The Burke-Parsons-Bowlby Corporation and Adds Five U.S. Production Facilities to its Wood Treating Network
- Stella-Jones Inc. (TSX: SJ) announced today that it has completed the acquisition of The Burke-Parsons-Bowlby Corporation ("BPB"), a producer of treated wood products primarily for the railroad industry. The acquisition has been structured as a merger between a U.S.-based wholly-owned subsidiary of Stella-Jones, and BPB. This acquisition, the largest in...
- Research articles 2008-04-01
- Stella-Jones Enters Into Letter of Intent to Acquire the Burke-Parsons-Bowlby Corporation.
- MONTREAL, QUEBEC, Jan 7, 2008 Marketwire via COMTEX -- Stella-Jones Inc. (TSX:SJ) today announced that it has entered into a letter of intent to acquire The Burke-Parsons-Bowlby Corporation ("BPB"). The acquisition is expected to be structured as a merger between a US-based wholly-owned subsidiary of Stella-Jones,...
- Research articles 2008-01-07
- Stella-Jones Enters Into Letter of Intent to Acquire the Burke-Parsons-Bowlby Corporation
- Stella-Jones Inc. (TSX: SJ) today announced that it has entered into a letter of intent to acquire The Burke-Parsons-Bowlby Corporation ("BPB"). The acquisition is expected to be structured as a merger between a US-based wholly-owned subsidiary of Stella-Jones, and BPB. The letter of intent contemplates a total purchase price of...
- Research articles 2008-01-07
- Former BPB chief in the frame to head Compass
- Richard Cousins, the recently departed head of the plasterboard maker BPB, is believed to have been approached to become the new chief executive of the embattled catering giant Compass Group. Mike Bailey is stepping down as chief executive of Compass after a tough year during which the...
- Research articles 2006-01-03
- Saint-Gobain makes final push to win over BPB's shareholders
- Saint-Gobain, the French building materials group, is to raise its offer for the British plasterboard maker BPB by 5 per cent to between 750p and 760p a share, in a last-ditch attempt to persuade the board to recommend its bid. The French company was urgently requesting a...
- Research articles 2005-11-14
- BPB fires final salvo in bid to see off French
- The plasterboard maker BPB delivered a final public rebuttal yesterday of the unwelcome advances of the French building materials group Saint-Gobain, and unveiled a surge in profits. The BPB chairman Sir Ian Gibson again urged shareholders to snub Saint- Gobain's hostile pounds 3.6bn, 720p-a-share cash offer, which...
- Research articles 2005-11-11
- BPB rejects Saint-Gobain's pounds 3.7bn hostile takeover attempt
- The French building materials group Saint-Gobain set the clock ticking yesterday when it formally launched its hostile pounds 3.67bn takeover bid for the British plasterboard maker BPB. BPB immediately rejected the 720p-a-share bid. 'The board of BPB has no hesitation in reiterating its advice to shareholders to...
- Research articles 2005-09-01
- Fitch Places Saint-Gobain on Rating Watch Negative
- LONDON -- Fitch Ratings, the international agency, has today placed Compagnie de Saint-Gobain SA's (Saint-Gobain) Senior Unsecured 'A' and Short-term 'F1' ratings on Rating Watch Negative. Approximately EUR8 billion of debt is covered by this action. This rating action follows today's announcement by Saint-Gobain of a cash offer for...
- Research articles 2005-08-03
- France's Saint-Gobain lines up possible pounds 3.2bn BPB bid
- The French glass and building materials maker, Saint-Gobain, is considering launching a cash offer for the British plasterboard maker BPB of about pounds 3.2bn. The move drove BPB shares sharply higher yesterday and sparked speculation of further consolidation in the building materials sector. BPB shares surged 37...
- Research articles 2005-07-22
- European Regulators Impose E485 Million Fine against Plasterboard Industry.
- Sunday Business, London Knight Ridder/Tribune Business News Dec. 1--Europe's Competition Commission flexed its muscles again last week, when it imposed an E485 million (UKpound 303 million) fine against the plasterboard industry for price-fixing. Once again, the sheer size of the fine ...
- Research articles 2002-12-01
Additional Resources
- BPB rejects Saint-Gobain's bid as too low
- BPB, the world's leading maker of plasterboard, has firmly rejected a proposed pounds 3.37bn takeover offer from the French glass and building materials company Saint-Gobain as too low and unwelcome. Sir Ian Gibson, BPB's chairman, met with Jean-Louis Beffa, his counterpart at Saint-Gobain, yesterday to discuss a...
- Research articles 2005-07-23
- Saint-Gobain wins BPB with improved 5.8-bln-euro bid
- LONDON AFP — A hostile bid by French construction materials giant Saint-Gobain for British plasterboard group BPB ended when BPB accepted sharply improved terms valuing it at 3.9 billion pounds (5.8 billion euros, 6.8 billion dollars). Saint-Gobain lifted its hostile cash offer from an initial 720 pence four months...
- Research articles 2005-11-17
- Saint-Gobain launches hostile bid for BPB after brushoff
- PARIS AFP — French building material group Saint-Gobain said it had launched a hostile bid for British group BPB, the world's biggest plasterboard manufacturer, after several friendly approaches were rebuffed. Saint-Gobain said it would offer 720 pence per share to BPB shareholders, valuing the group at 3.677 billion pounds...
- Research articles 2005-08-03
- Rivals raise competition fears over Saint-Gobain offer for BPB
- Several of the UK's biggest building supplies businesses are set to challenge the pounds 3.7bn hostile takeover bid for BPB by Saint- Gobain on competition grounds. The French building materials group is this week canvassing shareholders in BPB, the world's biggest maker of plasterboard, over a 720p-per-share...
- Research articles 2005-08-08
- Saint-Gobain accuses bid target BPB of mortgaging its future
- Saint-Gobain, the French building materials group that has launched a pounds 3.7bn hostile bid for BPB, warned yesterday the British company's defence amounted to 'mortgaging its future'. BPB, the plasterboard maker, increased its planned return of capital to shareholders yesterday from pounds 350m to pounds 600m, through...
- Research articles 2005-10-06
- BPB investors demand more than 760p a share from Saint-Gobain
- BPB's biggest shareholders will tell its unwelcome French suitor this week that it must dig far deeper into its pockets to win the British plasterboard maker. Saint-Gobain's hostile 720p-a-share bid values the Slough-based BPB at pounds 3.6bn, which is widely seen as too mean. ...
- Research articles 2005-11-16
- St Gobain lays pounds 3.8bn on table to pressurise BPB board
- French glass maker Saint Gobain will this week increase its takeover offer for BPB by around pounds 200m, though the bid will be well short of the pounds 4bn the British plasterboard group believes it is worth. The revised offer " which follows the French company's rejected...
- Research articles 2005-11-13
- OUTLOOK: Battle for BPB enters its final stages
- The battle for control of BPB, the world's largest manufacturer of plasterboard, has entered its final phase. Peter Cousins, BPB's chief executive, has fired the last of his canon. All he can do now is await the Saint-Gobain response and hope that it's insufficient to blow a hole in his...
- Research articles 2005-11-11
- Saint-Gobain submits hostile bid for BPB.
- French building materials conglomerate Saint-Gobain has launched a hostile 720p cash per share bid for plasterboard specialist, BPB. The offer is an improvement on the initial 675p, but BPB's board believes that it still undervalues the company, and recommends that shareholders take no action. ...
- Research articles 2005-08-05
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